US close: Markets turn higher amid Texas floods
Wall Street's main market averages managed to shake off earlier jitters on Tuesday, sparked by news of a fresh missile test by Pyongyang which had boosted demand for safe-haven assets.
Dow Jones I.A.
38,239.66
04:30 15/10/20
Nasdaq 100
17,718.30
12:15 26/04/24
The Dow Jones Industrial Average finished up 0.26% at 21,865.37, the S&P 500 added 0.08% to 2,446.30 and the Nasdaq 100 was ahead 0.41% at 5,862.14.
“A ramp-up in tensions between North Korea and the US, South Korea and Japan overnight has raised geopolitical risk once again, with Kim Jong Un showing no signs of ceding to international pressures,” said Oanda analyst Craig Erlam.
“The missile launch comes as no surprise given proximity to the annual military exercises between the US and South Korea, but the fact that the missile was shot over Northern Japan and prompted warning sirens encouraging people to take cover is a concern.
"The distressing impact of Hurricane Harvey in Houston is also weighing heavily on sentiment this morning. From a markets perspective, the uncertainty surrounding the cost and the economic implications of the storm is going to be a concern for investors, although it is difficult to look past the sheer devastation it has caused at the moment."
US President Donald Trump and Japanese Prime Minister Shinzo Abe vowed to pile more pressure on North Korea following the missile launch over Japan.
Abe said the launch was an "unprecedented and grave threat" to the country's security, while Trump said the US was "100% with Japan".
On the corporate front, athletics wear company Finish Line was under the cosh, sliding 18.43% after the sportshoe maker issued a profit warning late on Monday.
Best Buy was also lower, losing 11.93% after the company posted lower than expected second quarter earnings per share and sales.
Dow Jones - Risers
United Technologies Corp. (UTX) $118.70 2.92%
Boeing Co. (BA) $240.49 1.40%
Wal-Mart Stores Inc. (WMT) $78.80 0.95%
Apple Inc. (AAPL) $162.91 0.89%
Unitedhealth Group Inc. (UNH) $196.73 0.84%
Caterpillar Inc. (CAT) $115.98 0.82%
International Business Machines Corp. (IBM) $143.14 0.44%
Johnson & Johnson (JNJ) $132.21 0.36%
Microsoft Corp. (MSFT) $73.05 0.30%
Intel Corp. (INTC) $34.73 0.23%
Dow Jones - Fallers
Nike Inc. (NKE) $52.73 -1.86%
Home Depot Inc. (HD) $149.84 -1.02%
E.I. du Pont de Nemours and Co. (DD) $82.24 -0.77%
JP Morgan Chase & Co. (JPM) $91.09 -0.55%
Merck & Co. Inc. (MRK) $63.12 -0.32%
Verizon Communications Inc. (VZ) $48.51 -0.21%
Cisco Systems Inc. (CSCO) $31.48 -0.19%
McDonald's Corp. (MCD) $159.38 -0.18%
Travelers Company Inc. (TRV) $123.01 -0.18%
Goldman Sachs Group Inc. (GS) $219.95 -0.18%
S&P 500 - Risers
United Rentals Inc. (URI) $114.93 3.82%
United Technologies Corp. (UTX) $118.70 2.92%
Ryder System Inc. (R) $77.39 2.84%
Transocean Ltd. (RIG) $8.23 2.75%
United States Steel Corp. (X) $25.96 2.61%
Brown Forman Corp. Class B (BF.B) $51.20 2.32%
Frontier Communications Co. (FTR) $13.55 2.26%
Raytheon Co. (RTN) $182.11 2.17%
Rockwell Collins Inc. (COL) $130.74 2.15%
Alcoa Corporation (AA) $43.00 1.97%
S&P 500 - Fallers
Best Buy Co. Inc. (BBY) $55.02 -11.93%
Endo International Plc (ENDP) $8.72 -3.11%
Under Armour Inc. Class A (UAA) $16.43 -2.95%
Darden Restaurants Inc. (DRI) $82.76 -2.59%
Mattel Inc. (MAT) $16.11 -2.19%
GameStop Corp. (GME) $18.75 -2.09%
Marathon Petroleum Corporation (MPC) $51.43 -2.08%
Freeport-McMoRan Inc (FCX) $15.21 -2.06%
Urban Outfitters Inc. (URBN) $20.77 -1.98%
Universal Health Services Inc. (UHS) $106.93 -1.96%
Nasdaq 100 - Risers
Dish Network Corp. (DISH) $57.77 1.96%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $211.78 1.94%
Mondelez International Inc. (MDLZ) $41.89 1.43%
Gilead Sciences Inc. (GILD) $75.74 1.41%
Micron Technology Inc. (MU) $31.48 1.29%
Akamai Technologies Inc. (AKAM) $45.71 1.26%
JD.com, Inc. (JD) $40.84 1.21%
PACCAR Inc. (PCAR) $65.16 1.18%
Activision Blizzard Inc. (ATVI) $63.48 1.16%
Incyte Corp. (INCY) $124.97 1.16%
Nasdaq 100 - Fallers
Mattel Inc. (MAT) $16.11 -2.19%
Discovery Communications Inc. Class C (DISCK) $21.18 -1.58%
Discovery Communications Inc. Class A (DISCA) $22.45 -1.58%
Mylan Inc. (MYL) $30.50 -1.07%
Vodafone Group Plc ADS (VOD) $28.46 -0.87%
American Airlines Group (AAL) $44.56 -0.87%
Maxim Integrated Products Inc. (MXIM) $44.75 -0.86%
Kraft Heinz Co. (KHC) $81.44 -0.85%
Dollar Tree Inc (DLTR) $79.70 -0.85%
Symantec Corp. (SYMC) $29.69 -0.77%